M-RCBG Associate Working Paper No. 249
The CFTC shouldn't join the Super Bowl Party
Timothy Massad
Excerpt
Want to bet on whether the Kansas City Chiefs will beat the Philadelphia Eagles in the Super Bowl? You can now buy or sell a “contract” as to whether they will. It’s called “sports trading,” not “sports betting,” and it is technically a commodity futures contract regulated by the Commodity Futures Trading Commission (CFTC).